Indian auto electronics in fast lane.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , CA -- Technological developments in engine management and the incorporation of safety systems in cars will drive a 21.8% CAGR CAGR See: Compound Annual Growth Rate in the Indian automotive electronics market, says research firm iSuppli Corp. (isuppli.com). [TEXT NOT REPRODUCIBLE IN ASCII ASCII or American Standard Code for Information Interchange, a set of codes used to represent letters, numbers, a few symbols, and control characters. Originally designed for teletype operations, it has found wide application in computers. ] India's market for power-train electronics is expected to top $4.5 billion by 2010, a five-year CAGR of 17.3%. And if government initiatives such as its vehicle safety policy are implemented, rapid growth in the safety and control segment can be expected. The market for safety and control segment can be expected. The market for safety electronics is expected to expand at a CAGR of about 50% from 2005 to 2010. Indian safety system manufacturers include Sona Koyo Steering Systems Ltd. and Sundaram Clayton Ltd. Other market players are Hero Honda Hero Honda Motors Ltd is the World's largest manufacturer of motorcycles (by quantity). Hero Honda is a 50:50 joint venture that began in 1984 between the Hero group of India and Honda from Japan. Group, Bajaj Auto Ltd. and Minda Huff Ltd. |
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